Nike Earnings, Revenue beat in Q4 By Investing.com

Nike (NYSE:NKE) reported on Thursday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Nike announced earnings per share of $0.93 on revenue of $12.34B. Analysts polled by Investing.com anticipated EPS of $0.5099 on revenue of $11.11B.

Nike shares are down 5% from the beginning of the year and are trading at $137.73 , down-from-52-week-high.They are under-performing the S&P 500 which is up 13.59% from the start of the year.

Nike shares gained 3.09% in after-hours trade the report.

Nike follows other major Consumer Discretionary sector earnings this month

Nike’s report follows an earnings beat by Pinduoduo on May 26, who reported EPS of $-2.33 on revenue of $22.17B, compared to forecasts EPS of $-2.46 on revenue of $19.82B.

Dollar General had beat expectations on May 27 with first quarter EPS of $2.82 on revenue of $8.4B, compared to forecast for EPS of $2.19 on revenue of $8.27B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar